Competitive advantages in the market of consulting services: marketing aspect

The article summarizes the arguments and counterarguments about the features of the formation of competitive advantages in the Ukrainian market of services on the example of consulting for the period 2010–2021. According to the results of the analysis and generalization, the author’s understanding...

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Main Authors: Natalia Yevtushenko, Andriy Fedorchenko
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2023-10-01
Series:Business: Theory and Practice
Subjects:
Online Access:https://journals.vilniustech.lt/index.php/BTP/article/view/15291
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author Natalia Yevtushenko
Andriy Fedorchenko
author_facet Natalia Yevtushenko
Andriy Fedorchenko
author_sort Natalia Yevtushenko
collection DOAJ
description The article summarizes the arguments and counterarguments about the features of the formation of competitive advantages in the Ukrainian market of services on the example of consulting for the period 2010–2021. According to the results of the analysis and generalization, the author’s understanding of the concept of “competitive advantages”, the factors of their formation presented. The article describes the interconnection of competitive strategies with the process of forming competitive advantages. The process of economic analysis revealed the immaturity of the consulting market in Ukraine and its institutional vulnerability. The reasons for the instability of demand for consulting services described. The leadership matrix for Ukrainian consulting companies built in accordance with the typology of competitive strategies F. Kotler. The analysis revealed an updated list of competitive advantages of companies that formed under the influence of the Covid-19 pandemic and martial law in Ukraine. It proved that the main advantage of companies is the competence of consultants. Recommendations for the development of consulting companies in Ukraine and strengthening their competitive advantages, taking into account the construction of an effective marketing management system and use the consulting service standard. The research results can be useful for consulting companies wishing to improve their competitiveness and to expand the segment of their services in the market.
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spelling doaj.art-fd5278ecbee2431286b4c15df801d0212024-02-03T08:09:01ZengVilnius Gediminas Technical UniversityBusiness: Theory and Practice1648-06271822-42022023-10-0124210.3846/btp.2023.15291Competitive advantages in the market of consulting services: marketing aspectNatalia Yevtushenko0Andriy Fedorchenko1Management Department, State University of Information and Communication Technologies, Kyiv, UkraineMarketing Department, Kyiv National Economic University named after Vadym Hetman, Kyiv, Ukraine The article summarizes the arguments and counterarguments about the features of the formation of competitive advantages in the Ukrainian market of services on the example of consulting for the period 2010–2021. According to the results of the analysis and generalization, the author’s understanding of the concept of “competitive advantages”, the factors of their formation presented. The article describes the interconnection of competitive strategies with the process of forming competitive advantages. The process of economic analysis revealed the immaturity of the consulting market in Ukraine and its institutional vulnerability. The reasons for the instability of demand for consulting services described. The leadership matrix for Ukrainian consulting companies built in accordance with the typology of competitive strategies F. Kotler. The analysis revealed an updated list of competitive advantages of companies that formed under the influence of the Covid-19 pandemic and martial law in Ukraine. It proved that the main advantage of companies is the competence of consultants. Recommendations for the development of consulting companies in Ukraine and strengthening their competitive advantages, taking into account the construction of an effective marketing management system and use the consulting service standard. The research results can be useful for consulting companies wishing to improve their competitiveness and to expand the segment of their services in the market. https://journals.vilniustech.lt/index.php/BTP/article/view/15291consultingcompetitive advantagescompetenciesconsulting interactionservicecompany
spellingShingle Natalia Yevtushenko
Andriy Fedorchenko
Competitive advantages in the market of consulting services: marketing aspect
Business: Theory and Practice
consulting
competitive advantages
competencies
consulting interaction
service
company
title Competitive advantages in the market of consulting services: marketing aspect
title_full Competitive advantages in the market of consulting services: marketing aspect
title_fullStr Competitive advantages in the market of consulting services: marketing aspect
title_full_unstemmed Competitive advantages in the market of consulting services: marketing aspect
title_short Competitive advantages in the market of consulting services: marketing aspect
title_sort competitive advantages in the market of consulting services marketing aspect
topic consulting
competitive advantages
competencies
consulting interaction
service
company
url https://journals.vilniustech.lt/index.php/BTP/article/view/15291
work_keys_str_mv AT nataliayevtushenko competitiveadvantagesinthemarketofconsultingservicesmarketingaspect
AT andriyfedorchenko competitiveadvantagesinthemarketofconsultingservicesmarketingaspect